Buying a Short sale property in Westchester, NY allows a buyer or investor to buy a home at a great price. There are many variables and reasons why one is selling in a short sale. A short sale is when a home owner sells a home for less than what is owed on the mortgage. Someone who got in over their head, is facing financial trouble or possible foreclosure may opt to sell as a short sale. This is a deal in which the lender who is holding the mortgage forgives the remainder of the debt. When one is negotiating on a short sale, you should deal with an agent who has short sale experience. It is quite different than negotiating on a traditional home. There are banks to deal with as well as home owners and agents. It can often be more time consuming, however, if a buyer has both time and patience, it is a amazing opportunity to buy a home in Westchester in this market.
If you are looking to buy or sell a home in any state or market, please contact us and we can let you know how we can help or refer you to a qualified short sale specialist in your area. If you would like to have a custom report of available Westchester and Fairfield, CT short sales emailed to you, please click here and we will email you the report promptly. If you are a home seller or looking to learn how a short sale might help you and your situation, please contact us here for a prompt reply.
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